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Intergenerational transfers in rural households: A game theoretical approach

  • Américo Mendes

    (Portuguese Catholic University Porto - Faculty of Economics & Management)

The household membership decision is viewed as a “research project” where the offspring invests in human and non human capital to influence the probability of finding an alternative to the parental household. The problem is formulated as a differential game between a selfish offspring and altruistic parents. The solution is consistent with facts” such as the “flexibility of inheritance systems” and the “generational fragmentation” of the family property when the economic opportunities expand outside the parental household.

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File URL: http://econwpa.repec.org/eps/lab/papers/0503/0503004.pdf
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Paper provided by EconWPA in its series Labor and Demography with number 0503004.

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Date of creation: 13 Mar 2005
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Handle: RePEc:wpa:wuwpla:0503004
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  1. Donald R. Levi & James K. Allwood, 1969. "Legal-Economic Models as a Tool for Optimizing Intergeneration Property Transfers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(5), pages 1393-1398.
  2. Loren W. Tauer, 1985. "Use of Life Insurance to Fund the Farm Purchase from Heirs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(1), pages 60-69.
  3. Habakkuk, H. J., 1955. "Family Structure and Economic Change in Nineteenth-Century Europe," The Journal of Economic History, Cambridge University Press, vol. 15(01), pages 1-12, March.
  4. Reinganum, Jennifer F., . "Dynamic Games of Innovation," Working Papers 287, California Institute of Technology, Division of the Humanities and Social Sciences.
  5. Gagan, David P., 1976. "The Indivisibility of Land: A Microanalysis of the System of Inheritance in Nineteenth-Century Ontario," The Journal of Economic History, Cambridge University Press, vol. 36(01), pages 126-141, March.
  6. Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
  7. Harold D. Guither, 1963. "Factors Influencing Farm Operators' Decisions to Leave Farming," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 45(3), pages 567-576.
  8. McElroy, Marjorie B, 1985. "The Joint Determination of Household Membership and Market Work: The Case of Young Men," Journal of Labor Economics, University of Chicago Press, vol. 3(3), pages 293-316, July.
  9. Shleifer, Andrei & Summers, Lawrence H. & Bernheim, B. Douglas, 1986. "The Strategic Bequest Motive," Scholarly Articles 3721794, Harvard University Department of Economics.
  10. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-93, Nov.-Dec..
  11. David Reinders & Michael Boehlje & Neil E. Harl, 1980. "The Role of the Marital Deduction in Planning Intergenerational Transfers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 384-394.
  12. Alston, Lee J. & Schapiro, Morton Owen, 1984. "Inheritance Laws Across Colonies: Causes and Consequences," The Journal of Economic History, Cambridge University Press, vol. 44(02), pages 277-287, June.
  13. Longworth, John W., 1972. "Inter-Generational Transfers In The Rural Sector: A Review Of Some Problems," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 16(03), December.
  14. Sundstrom, William A. & David, Paul A., 1988. "Old-age security motives, labor markets, and farm family fertility in antebellum American," Explorations in Economic History, Elsevier, vol. 25(2), pages 164-197, April.
  15. Reinganum, Jennifer F, 1982. "A Dynamic Game of R and D: Patent Protection and Competitive Behavior," Econometrica, Econometric Society, vol. 50(3), pages 671-88, May.
  16. David N. Laband & Bernard F. Lentz, 1983. "Occupational Inheritance in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 311-314.
  17. Michael D. Boehlje & Ludwig M. Eisgruber, 1972. "Strategies for the Creation and Transfer of the Farm Estate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 461-472.
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